Petrol, diesel prices rise by 5 paise across major cities. Check rates here

Petrol and diesel prices rose by 5 paise per litre across major cities on Tuesday. Petrol price in Mumbai stood at Rs 78.70 a litre while diesel was at Rs 69.83 per litre, at par with end-March 2019 levels.

According to the Indian Oil Corporation data, in New Delhi, petrol costs Rs 73.13 per litre and diesel Rs 66.71 per litre. In Kolkata and Chennai, petrol stood at Rs 75.15 per litre and Rs 75.90 per litre while diesel was at Rs 68.45 per litre and Rs 70.44 a litre, respectively.

Domestic fuel prices have largely been on the rise in the first three months of 2019. In Delhi, petrol prices have gained over Rs 4 per litre since January 1.

As per the country's dynamic pricing mechanism, the domestic fuel prices depend upon international fuel prices on a 15-day average and the value of the rupee.

India will stop importing crude oil from Iran following the US move to end sanction waivers, and will use alternate supply sources such as Saudi Arabia to make up for the lost volumes, top officials and industry sources said on Tuesday.

Oil Minister Dharmendra Pradhan, in a tweet, said that "a robust plan for an adequate supply of crude oil to Indian refineries" is in place.

"There will be additional supplies from other major oil-producing countries; Indian refineries are fully prepared to meet the national demand for petrol, diesel & other petroleum products," Pradhan added.

The oil ministry also said a plan was in place to ensure supplies of crude oil from May when the waiver ends.